Saudi Central Bank raised its position in Keysight Technologies Inc. (NYSE:KEYS – Free Report) by 89.3% in the 2nd quarter, Holdings Channel reports. The firm owned 12,005 shares of the scientific and technical instruments company’s stock after buying an additional 5,663 shares during the quarter. Saudi Central Bank’s holdings in Keysight Technologies were worth $4,203,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Angeles Wealth Management LLC purchased a new stake in shares of Keysight Technologies in the second quarter worth $215,000. Compass Financial Management LLC purchased a new position in Keysight Technologies during the second quarter worth about $34,000. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in Keysight Technologies during the second quarter worth about $537,000. Markowski Investments bought a new position in Keysight Technologies in the 2nd quarter worth about $38,000. Finally, Turner Financial Group Inc. bought a new position in Keysight Technologies in the 2nd quarter worth about $274,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.
Keysight Technologies Price Performance
KEYS opened at $326.79 on Monday. The stock has a 50-day moving average price of $325.95 and a 200-day moving average price of $322.37. Keysight Technologies Inc. has a 12-month low of $158.79 and a 12-month high of $374.96. The company has a current ratio of 2.02, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $55.63 billion, a P/E ratio of 44.89, a PEG ratio of 1.63 and a beta of 1.21.
Insider Buying and Selling at Keysight Technologies
In other Keysight Technologies news, Director Jean Mcclung Nye sold 3,000 shares of Keysight Technologies stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $319.22, for a total transaction of $957,660.00. Following the transaction, the director directly owned 35,752 shares of the company’s stock, valued at approximately $11,412,753.44. This trade represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ingrid Estrada sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $314.66, for a total transaction of $629,320.00. Following the completion of the sale, the senior vice president owned 103,861 shares of the company’s stock, valued at approximately $32,680,902.26. The trade was a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,507 shares of company stock worth $2,451,909 over the last ninety days. Insiders own 0.40% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on KEYS shares. Citigroup reiterated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, August 19th. Robert W. Baird raised their target price on shares of Keysight Technologies from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. The Goldman Sachs Group reiterated a “buy” rating on shares of Keysight Technologies in a research report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price target on shares of Keysight Technologies from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen lowered shares of Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $392.83.
Check Out Our Latest Research Report on KEYS
About Keysight Technologies
Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.
Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.
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